Hey there, Buyers and Sellers! Let’s dive into some key real estate metrics that can give you a better understanding of the current market trends.
First up, we have the Months Supply of Inventory, which is sitting at a low 2.15. This means that there is a relatively low amount of available homes for sale compared to the number of buyers in the market. This can indicate a competitive market where homes may sell quickly.
However, looking at the 12-Month Change in Months of Inventory, we see a significant increase of +91.96%. This shows that the market may be shifting towards more inventory becoming available, which could potentially give buyers more options to choose from.
Next, let’s talk about the Median Days Homes are On the Market, which is just 37 days. This indicates that homes are selling relatively quickly, so sellers may see a faster turnaround on their listings.
When it comes to the List to Sold Price Percentage, we’re seeing a strong 97%. This means that homes are typically selling very close to their listing price, which is great news for sellers looking to get a good return on their investment.
Lastly, the Median Sold Price currently stands at $199,750. This gives both buyers and sellers a good idea of the average price point in the market, helping them make informed decisions when it comes to buying or selling a home.
Overall, these metrics paint a picture of a dynamic real estate market with opportunities for both buyers and sellers. So whether you’re looking to buy your dream home or sell your current property, now could be a great time to make a move.
Reach out to me, Vicki Sanders, your dedicated REALTOR®, for personalized guidance and assistance. Let’s make your real estate goals a reality! 🌟🏡
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